Long story short, kill patents, kill copyright, keep trademark.
Kickstarter already funded over $1m entertainment projects. So did the Louis CK experiment. These are far and far away from the mainstream popularity that buying movie tickets have. Don't you think that it's reasonable that web organized crowd-funding could finance even big blockbuster movies as these websites get more popular?
Imagine if popular celebrity directors with huge cult-followers like Tarantino would post a project on Kickstarter, then properly advertise it. I'd imagine a huge movie could be funded that way.
Kinda true, although lots of films make more money through merchandising than the box office.
But even in that situation, why can't movies be funded by crowdsourcing? I'm sure there's lots of fans of LoTR who'd be happy to crwodfund The Hobbit, for example.
Crowdfunding can be a viable option, but paying large sums of money before any work is done makes it tempting to abscond with most of the money and produce either an inferior or nonexistent product. How would you prevent this from happening on a regular basis? Would your solution make it too risky to attempt large projects out of fear of them not being deemed "good enough"?
This would let the market actually sort out what is naturally viable.
Because prefunding is effectively a requirement, there's no way for a creator to take a gamble, produce something with their own resources, and then try to make it up later. This is essentially the process by which all novelists get started now. Are you sure that prefunding is a suitable replacement?
Prefunding isn't going to get us flying cars, just faster horses.
http://arstechnica.com/open-source/news/2009/07/pirate-party...
"Free software" vastly overestimates the value and talent of the average user--I don't feel any pity for the average City Of Farm Wars user if they don't get the source to IE.
Contracts are only valid if there is an exchange of value; you could reasonably argue that there is no value in being granted a right you already have.